Plot Purchase

1. Complete Guide to Plot Purchase Loans in India Owning land is one of the most secure and rewarding investments in India. Whether you plan to build your dream home, set up a business, or simply hold land as an appreciating asset, buying a plot gives you freedom and long-term security. However, purchasing land often requires significant funds, which may not always be readily available. That is where Plot Purchase Loans come into play. At SingalSons, we specialize in helping individuals and businesses turn their dreams into reality with simple, transparent, and flexible plot loan solutions. This guide will give you a complete overview of plot purchase loans in India – eligibility, process, benefits, and important things you should know before applying. What is a Plot Purchase Loan? A Plot Purchase Loan is a type of financial assistance provided by banks, housing finance companies, and NBFCs to help you buy residential or commercial land. Unlike a home loan (which is strictly for ready properties or construction), a plot loan gives you the flexibility to:

2. ● Buy residential land for building a home in the future ● Purchase commercial plots for business use ● Secure land purely for investment At SingalSons, we ensure that our loan process is quick, hassle-free, and tailored to your repayment capacity. Benefits of Taking a Plot Purchase Loan 1. Easy Financing: No need to deplete your savings; get funds quickly for your land purchase. 2. Options for Flexible Repayment: Select EMIs based on your cash flow. 3. Tax Benefits (if construction planned): If you plan to build a house within a specified period, you may enjoy tax benefits similar to home loans. 4. Long-Term Investment Security: Land values in India tend to appreciate, making it a reliable asset. 5. Transparent Process: At SingalSons, we offer clear terms with no hidden charges. Eligibility Criteria Plot loan eligibility differs slightly from lender to lender, but generally consists of: ● Age: 21 to 65 years ● Employment: Salaried professionals, self-employed individuals, and business owners ● Income: Stable and verifiable source of income ● Credit Score: A CIBIL score of 700+ improves approval chances ● Nationality: Indian residents and NRIs may apply At SingalSons, we assess your profile individually and provide customized loan solutions. Documents Required

3. To make the process simple, prepare the following documents before applying: ● Identity Proof: Aadhaar, PAN, Passport, or Voter ID ● Utility bills: Aadhaar, a passport, or a ration card are examples of proof of address. ● Income Proof: Salary slips, bank statements, ITR for last 2–3 years ● Property Documents: Plot ownership papers, agreement to sell, and property location details ● Photographs: Passport-sized photos Our team at SingalSons ensures a smooth verification process so your approval is faster. Loan Process – Step by Step 1. Application Submission: Submit your details and required documents. 2. Verification: Lender checks your eligibility, credit score, and property documents. 3. Sanction Letter: You receive a formal approval with loan amount, tenure, and EMI details. 4. Agreement & Disbursement: Once you accept terms, funds are disbursed directly to the seller. SingalSons is known for quick approvals and minimal paperwork, saving you both time and effort. Key Things to Keep in Mind Before Applying ● Type of Plot: Most lenders finance only residential plots located within approved limits of municipal authorities. Agricultural land or plots outside city limits are usually not financed. ● Loan-to-Value Ratio (LTV): Generally, lenders fund 70–80% of the plot’s value; the rest has to be paid upfront by you. ● Repayment Tenure: Compared to home loans, plot loans typically have a shorter repayment period (up to 15 years).

4. ● Future Construction: If you intend to build on the plot, check whether the loan allows top-up for construction. ● Interest Rates: Compare different lenders, but also value service quality and transparency. Why Choose SingalSons? At SingalSons, we go beyond just providing loans – we provide trust, guidance, and support. Here’s why our clients choose us: ● Fast Approval: Quick turnaround time for sanctioning loans. ● Flexible EMI Options: Tailored repayment plans to suit your income. ● Competitive interest rates: Reasonably priced options to suit your spending plan. ● Personalized Assistance: Dedicated experts to guide you throughout the process. ● Trusted Financial Partner: Years of experience in helping families and businesses secure their future.